U.S Russia Innovation working groups completes meeting; MoU signed on Skolkovo Innovation Centre

Friday, March 30th, 2012 8:39:39 by

U.S Russia Innovation working groups completes meeting; MoU signed on Skolkovo Innovation Centre

The Innovation Working Group of the U.S.-Russia Bilateral Presidential Commission successfully completed its first meeting at the headquarters of Cisco Systems, Inc., in San Jose, Calif., on March 27. The two sides signed a Memorandum
of Understanding regarding their future work, including cooperation on projects with Russia’s new Skolkovo Innovation Center.

In the course of a day-long series of discussions, Working Group members examined policies that encourage successful innovation systems around the world, as well as concrete cooperative projects to promote innovation coordination
between the United States and Russia. The group also discussed plans to link innovation centers and regional innovation clusters, assessed the legal framework for innovation, and considered ways of leveraging resources and connections in the private and academic
sectors to support the commercialization of innovative technologies in Russia and the United States.

U.S. Under Secretary of State for Economic Growth, Energy and the Environment Robert Hormats addressed the group via video conference. U.S. Special Representative for Commercial and Business Affairs Lorraine Hariton and Russian
Deputy Minister of Economic Development Oleg Fomichev led their respective delegations, chaired the meeting, and signed the Memorandum of Understanding. Working group members include innovation experts from the Russian and U.S. private sectors, non-governmental
sectors, universities, and governments.

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